I had a great time at MoMo last night – reminding me that I must get to these monthly meets more often. While the presentations on “How to Finance your Business in a Credit Crunch” were generally informative – no one said anything specific about current times. By contrast, the panel debate was excellent so I thought I’d share some of the points I picked up, particularly because the news is broadly good for mobile.
Funding
The same number of businesses will receive funding as last year but with smaller amounts, reflecting more sensible valuations.
The iPhone effect
The iPhone and app store have changed the market, but for a limited number of users only. Crucially, no billion dollar ideas will be seeded with Apple as the gate keeper. The coolest thing I saw all evening was a 2D barcoding app on the iPhone for sharing information from Air Source.
There is growth
The mobile applications and services market is still growing fast – despite recession.
The future’s about money
Mobile payments is set to be the next big thing – if the consumer experience is good. We spend a lot of time working on the consumer experience – so I was pleased to hear this prognosis and look forward to being part of making it all happen.
